Ownership
At the end of the year, ALK had 14,623 registered shareholders, largely unchanged from 2015 (14,695). The registered shareholders own 96% of the share capital (96).

As of 31 December 2016, three shareholders have notified shareholdings of 5% or more: Lundbeckfonden has a 40.3% interest (including A shares), ATP has a 5.9% interest and Jupiter Asst Management Ltd. has a 5.0% interest. 29 of the 30 largest shareholders are international institutional investors, from North America, the UK and Scandinavia in particular. In the shareholder register, the international ownership is estimated at approximately 22% (22), representing 37% of the free float of the share capital (39), excluding Lundbeckfonden's holding and treasury shares.

ALK's holding of its own shares was reduced following settlement of share option and conditional share programmes. At the end of the year, ALK held 296,844 or 2.9% of its own shares (3.6% at the end of 2015) which is considered sufficient to cover current obligations related to ALK's long-term incentive programmes.

Notified shareholdings of 5% or more of the company's shares:

The Lundbeck Foundation
Registered office: Copenhagen, Danmark
A shares, number: 920,720
B shares, number: 3,158,935
Interest: 40.3%
Votes: 67.2%

The Danish Labour Market Supplementary Pension ( ATP)
Registered office: Hillerød, Denmark
B shares, number: 594,466
Interest: 5.9%
Votes: 3.2%

Jupiter Asset Management Ltd.
Registered office: London, United Kingdom
B shares, number: 509,788
Interest: 5.0%
Votes: 2.8%

ALK - own shares
Registered office: Hørsholm, Danmark
B shares, number: 296,844
Interest: 2.9%